PAN 0.00% 3.5¢ panoramic resources limited

I see the previous threads are playing the blame game. Well...

  1. 1,182 Posts.
    lightbulb Created with Sketch. 92
    I see the previous threads are playing the blame game. Well nobody currently at Panoramic is to blame.

    Who is to blame. BRIAN PHILLIPS previous chairman and CEO PETER HAROLD who never listened to me.

    Their waste of $200 million cash in hand. YES they had $200M cash in 2011, no debt and two operations at Savannah and Kambalda.

    In the next 7 years they bought everyone's dirty laundry.
    Apex Wilson's and Gidgee Gold Mines Millions wasted
    Mt Henry - Millions Wasted
    Magma Metals, Thunder Bay, Millions Wasted

    Generous executive salaries. Well their previous success was soley because they were gifted the Sally Malay mine by BHP/WMC.

    Failure to put nickel mines on C&M post GFC fallout while making operating losses despite no hedge commitments - Millions Wasted.

    Panton - what happened

    Sale of reliable producing Kambalda assets, cashflow wasted to try and get them out of a pickle.

    that's where the blame rests.


    Last edited by dlight: 22/11/23
 
watchlist Created with Sketch. Add PAN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.